9, SOMERSET CLOSE, MELTON MOWBRAY, LE13 0JS - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

9 SOMERSET CLOSE is a large extended detached house of 126m², built sometime between 1983 and 1990. It was last sold for £375,000 in May 2021, which was around 13% above the average May 2021 detached price in the Melton local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

9 SOMERSET CLOSE Sold Prices

Land registry data shows two sales for 9 SOMERSET CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Melton local authority area for the corresponding sale date. One of the two 9 SOMERSET CLOSE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 25 MAY	£375,000	£331,140	13% above HPI
2008 27 OCT	£225,000	£234,719	4% below HPI

9 SOMERSET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The two 9 SOMERSET CLOSE sales from October 2008 and May 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2021 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 9 SOMERSET CLOSE?

9 SOMERSET CLOSE is 126m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses by size in Melton Mowbray, and where 9 SOMERSET CLOSE lies on this distribution: 68% of detached houses are smaller than 9 SOMERSET CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

9 SOMERSET CLOSE: Plot and Title Map

9 SOMERSET CLOSE sits on a plot of roughly 0.125 of an acre, or 505m². The below map shows the location of 9 SOMERSET CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 9 SOMERSET CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 9 SOMERSET CLOSE?

9 SOMERSET CLOSE is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 9 on SOMERSET CLOSE.